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Manufacturing & The Economy

U.S. GDP Increased 2.6% in the Fourth Quarter 2017

Real gross domestic product (GDP) increased at an annual rate of 2.6% in the fourth quarter of 2017, according to the advance estimate just released by the U.S. Department of Commerce. In the third quarter, real GDP increased 3.2%.

The increase in real GDP in the fourth quarter reflected positive contributions from personal consumption expenditures, nonresidential fixed investment, exports, residential fixed investment, state and local government spending, and federal government spending that were partly offset by a negative contribution from private inventory investment. 

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